Piccadily Agro Industries Limited has successfully completed the allotment of equity shares under its Employee Stock Option Plan 2024 following a board meeting held on March 6, 2026. The company had previously rescheduled this meeting from February 6, 2026, to finalize the ESOP share allocation process.

Board Meeting Outcome

The board of directors approved the allotment of 2092 equity shares of Rs.10 each to eligible employees and grantees who exercised their options under the Piccadily Agro Employee Stock Option Plan 2024. The meeting commenced at 12:15 PM and concluded at 12:45 PM, with all necessary approvals granted in compliance with regulatory requirements.

Capital Structure Impact

Following this allotment, the company's issued, subscribed and paid-up equity capital has increased from Rs.98,56,94,160 to Rs.98,57,15,080. The total number of shares outstanding now stands at 98571508 equity shares.

Regulatory Compliance

The allotment was conducted pursuant to Regulation 30 read with Part A of Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Niraj Kumar Sehgal communicated the outcome to both BSE Limited and National Stock Exchange of India Limited.

The newly allotted equity shares rank pari-passu with existing equity shares of the company, ensuring equal rights and privileges for all shareholders. The shares have been issued in dematerialized form and are identical in all respects to the company's existing equity shares.

Piccadily Agro Industries Limited has granted 2,690 stock options to eligible employees under its Employee Stock Plan 2024. The Nomination and Remuneration Committee of the Board of Directors approved this grant during their meeting held on 24.01.2026, as communicated to BSE and NSE under Regulation 30 of SEBI Listing Regulations.

Stock Option Grant Details

The company has provided comprehensive details of the stock option grant as required under regulatory guidelines:

Vesting and Exercise Framework

The stock options operate under a structured timeline designed to align employee performance with company objectives. Options will vest after a minimum period of one year, subject to achievement of service or performance milestones as determined by the Nomination and Remuneration Committee.

The exercise period provides flexibility for employees, commencing from the vesting date and extending up to three years from the relevant vesting date as specified in the Letter of Grant. Each option, upon exercise, entitles the holder to one equity share of Rs. 10.00 each of the company.

Strategic Objectives

The Employee Stock Plan 2024 serves multiple strategic purposes for the organization:

• Performance Recognition: Reward employees for past good performance
• Future Motivation: Incentivize continued excellence and dedication
• Talent Retention: Attract and retain skilled professionals within the organization
• Alignment: Create alignment between employee interests and company growth

Regulatory Compliance

The stock option grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled all disclosure requirements under Regulation 30 read with Schedule III of the Listing Regulations and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The intimation has been made available on the company's website and communicated to both BSE (Code: 530305) and NSE (Scrip Code: PICCADIL) for regulatory compliance and investor information.